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Search Results 0 to 35 of about 36 (some duplicates have been removed)
CBS
Nov 30, 2012 4:00am PST
obama for lunch at the white house. the white house says they spoke about leadership in the world and plan to stay in touch. >>> this morning much of northern california is under a flood warning as the second of three storms hits the pacific coast. the first storm hit wednesday, today's storm is expected to bring in even more severe dose of heavy rain, high winds and flooding from san francisco to the oregon border. the third storm is expected saturday night. by the time it's all over parts of the state could see up to 15 inches of rain. >>> overseas. egyptian mohamed morsi is expected to sign a new constitution today approved early this morningg by the egyptian assembly. the constitution was approved without input of liberal and. christian lawmakers and gives clerics oversight over legislation and restricts freedom of speech, women's rights and other liberties. >> secretary of state hillary clinton is critical of the overwhelming united nations vote to recognize a palestinian state. israeli prime minister benjamin netanyahu called it meaningless. the palestinians don't control th
CNN
Nov 29, 2012 2:00am PST
date for mitt romney, going to the white house to meet with president obama. >> making a run for it, a zebra and a pony. those are real pictures. welcome to "early start." this was sent to us yesterday. they said this is a serious and true story. i said no way. it is. john berman is hosting "starting point" at 7:00, it's now 5:00 a.m. in the east. first 33 days until we reach the fiscal cliff and things are heating up on capitol hill. tim geithner, the chief fiscal cliff negotiator will meet with congressional leaders in an effort to get talks moving. there's no time to waste because there may be 33 days to get a deal done, but congress breaks for the holiday. that happens in just 15 days. white house correspondent dan lothian is live from washington this morning. dan, that clock is ticking louder and louder what is the very latest? i hear there are one-on-one meetings happening today. >> that's right. these are the president himself not sitting down and talking with lawmakers, but timothy geithner will be on capitol hill and other senior level members of the administration trying t
CBS
Dec 3, 2012 4:00am PST
't believe the latest white house proposal. the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal by christmas. the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. timothy geithner was on the hill last week to present the president's plan to congress. >> i was flabbergasted. >> reporter: president obama wants $1.6 trillion in new taxes on the rich. $400 billion in cu
FOX News
Dec 3, 2012 4:00pm PST
profile since the election. but last week he had lunch with president obama at the white house. it's been more than a month now since super storm sandy unleashed a surge of water that destroyed neighborhoods upon neighborhoods along the east coast. all these weeks later we are feeling the effects of the storm. how sandy really flattened the economy. and what did america's children do to deserve this? fox reports on a program that will require students in several states to spend hundreds more hours in school each year. plus the new plan to save a small town doctor from extension. --ti extinction. that is a cust. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. humans -- sometis life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or add a car to your policy.
CBS
Nov 30, 2012 7:00am PST
just to stay dry. >> whipped out his membership card. >> beau obama, inspecting the white house christmas decorations. >>> are you kidding me? >> never has drew brees thrown foiv interceptions and atlanta will survive. >>> an act of kindness by a new york cop going viral. tourist taking this photo of police officer larry deprimo giving boots to a homeless man. >> absolutely humbling experience. >> the police officer said it felt like the right thing to do and nicholas cage said thanks felt like the right thing to do and nicholas cage said thanks for the shoes. captioning funded by cbs >>> welcome to "cbs this morning." democrats are calling president obama's plan to avoid the fiscal cliff an opening bid. some republicans have different words for it, joke. >> major garret is at the white house and reports on the president's plan and the strong reaction it got from republicans on capitol hill. major, good morning. >> reporter: good morning, charlie and norah t. the white house brought real numbers and republicans called them an insult, concocted in never neverland. so much for a w
CNBC
Nov 30, 2012 4:00pm EST
on treasurietreasur. as soon as boehner and obama walk out of the white house, which i believe they'll do at some stage over the next month, as soon as that happens, everything is going to flip the other way. i'd like to find a way to play the market, but i think for long-term investors, valuation gets more and more important. the more you stretch things out. the key thing people are miss -- i agree with rick, the economy is not that strong, but it is still growing steadily and valuations are so extreme that you know which way the money is going to go when things settle down. i just wouldn't want to be on the wrong side of that trade. >> stephanie, that's basically the way you feel. you have sort of opportunities out there. how do you see it, stephanie? >> i think what you want to do is use the volatility, use the declines, and go back to the companies that reported good third quarter earnings. go back to an ebay. >> stick to fundamentals. >> right. go back to starbucks. or you also can focus on some of the themes, right. housing is still in recovery mode and that -- i know it's well known, but i
NBC
Nov 30, 2012 7:00am PST
mitt romney to the white house on thursday. with washington deadlocked, president obama reached out to his former rival, inviting mitt romney to lunch at the white house, aiming to put past differences to rest. >> i think that he's very interested in some of governor romney's ideas. >> reporter: romney arrived shortly after noon thursday. white house officials revealed few details about the lunch, saying only they ate white turkey chili, and the meeting lasted more than an hour, with governor romney congratulating the president on re-election. in the sole picture released by the white house, you can see the dining room where the men ate and boxing gloves. aides joked there were no punches thrown describing the encounter as friendly. >> i am happy to see this picture, it is good for the american people. >> reporter: a very different tone on capitol hill as fiscal cliff negotiations remain rocky. the president sent his top negotiator, treasury secretary tim geithner to meet with congressional leaders. afterward, house speaker john boehner said the white house had not proposed spending
FOX News
Dec 2, 2012 1:00pm PST
speaker boehner disagreeing with president obama under the white house proposal. the president would have the power to raise the debt limit on his own, whenever he wants, as needed. speaker boehner saying congress isn't budging on that issue and here is what he had to say on fox news sunday. >> congress will never give up the power and i made it clear to the president that when we get to the debt limit we need to cut some reforms that are greater than the increase in the debt limit. it is the only way to leverage the political process to produce more change than if left alone. >>gregg: you can see more of the remarks on "fox news sunday" at the top of the hour. >> extreme weather on the west coast flood advisories in effect for storm ravaged parts of northern california as another storm bringing heavy rain and police and fire officials wanting the napa and russian rivers expected to break their banks. and now, streaming live from northern california. >>reporter: yes, the banks are about to break any moment now, 12 hours ago there was torrential rain it looked to be tidal waves which is an
FOX News
Nov 29, 2012 6:00am PST
. they handled $273 billion in cargo last year. not a lot moving there right now. bill: power lunch at the white house, president obama having governor romney over for lunch. with all the drama and nail biting over that looming fiscal avalanche can we expect anything big to come out of it? doug schoen former adviser to bill clinton. monica crowley, fox news contributor. i it's the thing to do. you get a call. >> president obama has a pattern of inviting political opponents, business leaders to the white house for some sort of confab. what it kals end ends up being is a photo opportunity so he looks like he's extending himself to the opposition, he's bipartisan, and he is neither of those things. bill: would you accept that invite. >> i would accept in a heartbeat. bill: monica is saying nada on this. >> i would be more optimistic on this. we are groping for bi-partisanship. if governor romney has things to share and ways to bridge the fiscal cliff this is all good. bill: we went back to the vault to figure out what they are not going to talk about. we found this first of all, okay. i want you to
ABC
Nov 29, 2012 7:00am PST
on the wealthy will hurt the economy. >>> today, president obama is hosting mitt romney at the white house for a private lunch. after the election, the president promised to reach out to romney for his ideas. >>> and overseas, the u.s. could be getting more involved in the civil war in syria. "the new york times" is reporting the obama administration is considering options, including arming the rebel fighters there who have made progress in recent days in battling bashar al assad's forces. >>> and more trouble for president obama's expected nominee for secretary of state. susan collins says she will not back rice for the job, until more questions on the attack on the u.s. consulate in libya are answered. collins said if president obama nominates senator john kerry instead, he would have no trouble winning confirmation. >>> and breaking news out of new york. lindsay lohan has been arrested again, after a fight at a nightclub here in the city early this morning. she is facing assault charges for allegedly punching a woman in the face. police are not saying how long they intend to keep her in
FOX News
Dec 3, 2012 6:00am PST
a strong message directed at the white house and president obama. congressman tom colatosti out of oklahoma a bit later here on "america's newsroom.". that is 22 minutes away. martha: we brought you this breaking news on friday and now there's new fallout from that horrible train derailment in new jersey. remember these pictures? emergency officials closed schools now in that area because they think there is unsafe air quality. several cars carrying chemicals overturned into the creek on friday, spewing dangerous gases into the air. evacuation orders are still in effect for a 12-glock zone. the national transportation safety board a signal problem reported before the derailment could have contributed to that accident. bill: a breaking news out of a school in atlanta. we'll get you details. this is something that is crossing right now and pictures to follow coming up out of atlanta. >>> and also this. new questions in the shocking murder-suicide of kansas city linebacker, jevon belcher. >> this is real tragedy. horrible tragedy. jovan was, just one of those young men, we had such great memor
CNN
Dec 6, 2012 6:00am PST
of president obama's playbook. most recently the white house urged people to take to twitter and use the #my2k. in case you forgot the former senator is one half of the simpson bowles duo appointed by president obama who actually came up with a plan to cut the deficit, a plan that everyone hailed as magnificent but no one wanted to adopt. >>> joining me now is cnn contributor will cain. he leans right. good morning, will. >> good morning. let me tell you something. you said the popularity of gangnam style knows no limits. i beg to differ. >> you do? >> i think we just found its limits, when 8-year-olds start doing gangnam style you can count on its popularity decreasing. we're about a year away from it being makarena. >> trying to get two sides come together to come to a deal on the fiscal cliff. >> i don't know about young people's abilities to force cats and dogs and democrats and republicans to come together to find a deal. he had a much more profound message than just simply dancing in that clip, in that psa essentially. he was trying to alert young people to the fact that old people, blun
CNN
Dec 3, 2012 2:00am PST
president obama invited the major players to the white house to discuss the situation. as of this morning, no new talks are scheduled. brianna keilar joins us. so many republicans say they are pessimistic about a deal happening in time to avert this fiscal cliff. some say it's for political reasons. what can you tell us? >> it may all be for political reasons. that's no surprise in washington. as you can seen through dealmaking not just on this but things in the past couple of years between the white house and congress, there is almost this rhythm that has evolved. both sides are pointing to the other for an impasse. republicans like senator lindeyy graham just slamming the white house and tim geithner for a plan he laid out on behalf of the administration, laying out about $1.6 trillion in new revenues coupled with only about $400 billion in medicare cuts. listen to what graham said. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare, medicaid and social secur
NBC
Dec 1, 2012 2:05am PST
obama is showing off the christmas decorations at the white house to a bunch of war veterans and families and things, and it's always cool. they are showing off a 300-pound gingerbread replica of the white house, there's bo the dog. look at that. gingerbread likeness of the white house. >> so beautiful. >> amazing what they do. >> main attraction, of course, is the white house christmas tree. that thing is 18 1/2 feet high and is decorated by the children of military families. >> that's so nice. i would not want to be the first family during the christmas season. they have receptions every night and all they do is smile and shake hands and take pictures. >> everyone wants to get there to see them. >> it is beautiful if you get a chance to go, drop-dead gorgeous. >>> with all the christmas parties and things coming up, which party character are you? pretend you're at an office party. this might be a good way to figure it out. are you the person, the peak too sooner? you're the one that helps round the troops up, promise so much fun, then half hour into the party, you're trashe
ABC
Dec 4, 2012 7:00am PST
right now. the last couple of months, you've gone to the white house, met president obama. i heard he gave you some souvenirs, as well. >> yes. he gave me a pen and presidential m&ms. >> you still have the m&ms? >> no. >> i guess they are pretty good. and we all watched you on "dancing with the stars." >> yes. >> the fierce five showing up to help shawn out. that must have been fantastic. >> it was a lot of fun. and we had so much fun performing on stage with shawn and derek. >> so, what is next? you're on the book tour right now. going to have a little break over christmas. but gymnastics, still in your blood, right? >> i'm hoping to attend 2016 and get back into the gym. get back in the swing of things. and just gain more. i want to go to more world championships. and i think it would be cool to attend two more olympic games. >> it would be cool for all of us. thank you for coming in today. the book is called "grace, gold & glory." it's in stores today. >>> when we come back, a hol >>> back, now, with a real favorite of ours, katherine jenkins. with us throughout the "dancing with t
CNN
Dec 2, 2012 3:00pm PST
sure that president obama, his policies made it to the white house. you know, it was the exact opposite in just the republicans. some of the red states were some of the poorest states in the country. so i think it is very interesting that when you see average american citizens who happen to be making a little bit more money willing to sacrifice for the good of the country, i think that's a good message and something to get behind and stand on. >> lz, our producers are here, can we keep them over the break? i want to be the mediator, do we have time for that? can we do that? stay on the other side of the break. i'm starting with the republican and the independent and we'll negotiate to see how we can come to some sort of an agreement. don't get mad now, don't be mad. how we can come to an agreement on the fiscal cliff. we'll be right back. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from.
CNN
Dec 3, 2012 1:00pm PST
to the program. >>> hillary clinton has served president obama for four years as secretary of state. four years from now, could she be moving into her boss' office over at the white house? after this weekend, a lot more people are beginning to speculate about what hillary clinton is planning to do. our "strategy session," james carville and mary matlin, are both standing by live. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support
CNN
Dec 3, 2012 8:00am PST
's no official meetings right now between the white house and congressional leaders. of course, there are meetings going on behind the scenes and contacts between the white house and congressional republicans but nothing official. president obama is taking this sort of outside strategy where as we saw him last week he goes outside of washington. he'll be giving remarks to the business roundtable this week, meeting with business leaders tomorrow. other stakeholders this week and he's trying to kind of put some pressure on congress and learn from a mistake that he made you might say during say the debt ceiling negotiations where you saw these meetings with congressional leaders but there really wasn't a whole lot of payoff and didn't make the president look particularly effective. an issue to be resolved is to tackle entitlement reform. you have the white house and republicans saying you need to put meat on the bones and going back and forth. listen to what republican senator bob corker said. >> i think the really discussions around the fiscal cliff haven't even begun to be serio
KICU
Nov 29, 2012 11:30pm PST
medicare over a decade. >>> former rivals president obama and governor romney spoke in private. and what they said remains in private. the white house did release a photo and reported that they had white turkey chili and south western chicken salad. when romney arrived, a man ran up to him and said something. secret service quickly ran up to him. >>> imagine running the equivalent of a marathon a day. patty lee shows us what inspired a 25-year-old san francisco woman to spend the past five months making this cross country journey. >>> it took four months, 3,200 miles and 12 pairs of running shoes to get here: but this morning kelsie harrison ran to and through marin county. she started the run in july in new york city. >> the run is in honor of my friend who passed away with lung cancer right after we graduated. >> reporter: costelo was diagnosed with lung cancer. the nonsmoking teammate never stopped believing. >> it's really hard thinking about why did it happen to her. but i think that that was the point. that it can happen to anyone. >> reporter: friend and teammate sidney ford is s
FOX
Nov 29, 2012 10:00pm PST
a decade. >>> former rivals president obama and governor romney spoke in private. and what they said remains in private. the white house did release a photo and reported that they had white turkey chili and south western chicken salad. when romney arrived, a man ran up to him and said something. secret service quickly ran up to him. >>> imagine running the equivalent of a marathon a day. patty lee shows us what inspired a 25-year-old san francisco woman to spend the past five months making this cross country journey. >>> it took four months, 3,200 miles and 12 pairs of running shoes to get here: but this morning kelsie harrison ran to and through marin county. she started the run in july in new york city. >> the run is in honor of my friend who passed away with lung cancer right after we graduated. >> reporter: costelo was diagnosed with lung cancer. the nonsmoking teammate never stopped believing. >> it's really hard thinking about why did it happen to her. but i think that that was the point. that it can happen to anyone. >> reporter: friend and teammate sidney ford is serving as
ABC
Nov 30, 2012 4:00am PST
this year's christmas trimmings. >> the white house has released its annual holiday video, showing first dog, bo, checking out his newly-decorated diggs with the obamas nowhere in sight. bo goes room-to-room, until he comes face-to-face with a larger-than-life topiary, made in his likeness. >> it looks like bo won the standoff, ending up with the victory santa hat. >>> and a wealthy man from missouri who won't give his name, visited storm-damaged staten long island and new jersey, handing out $100 bills. >> it earned him lots of hugs and kisses and triggered plenty of tears, as well. the man says it's not about the money. but about the random acts of kindness. well done, sir. >> well done. >>> and check out one of the most daring midair stunts, i think. >> a pilot and a skydiver positioned themselves as close together as possible. and, whoosh, the plane appears to fly between the skydiver's legs. and how about this maneuver? the skydiver seems to touch down on top of the plane. >> and the most daring stunt, the plane goes into a twisting free fall. and the pilot pulls up, just in time to cro
CNN
Dec 6, 2012 8:00am PST
that president obama is going to be responding or will he, to this latest development in the syrian chemical threat. the question is more than likely to be asked of jay carney, the white house spokesperson, and that's coming up in a live white house press briefing. you can see the reporters chairs are empty now but they'll fill up shortly because that will take effect around the half hour. stay tuned to us as we expect strong questions not only about fiscal cliff but also about this dire syrian situation. back in a moment. ne of them peoe who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow >>> that eight-day strike at the port of los angeles that stranded all of those christmas presents, it costs us about a billion dollars a day in lost business and shut down the nation's busiest port and s
FOX News
Dec 5, 2012 12:00pm PST
and that if his mine raises even more questions about why the obama administration was so singular in its focus on the anti-islam video. >> this isn't a black and white issue. there is a lot moving parts here and the investigation continues so bear with us so we get it right. they focused in on the muslim video and that didn't make sense to me. that is when people get frustrated. >>reporter: others indicated there were real questions about the motivation, whether it was tied to the symbolic date of 9/11 anniversary or somehow still linked to the anti-islam video or whether it was inspired by the demonstrations early in the day in cairo. >>trace: what are we learning of the decision to close the annex? >>reporter: follow has learned the decision to close the c.i.a. annex, the c.i.a. operation in benghazi, was made early morning hours of september 12 about eight or nine hours after the first wave of the attacks hit the night before. fox was told the c.i.a. site was sanitized so that all of the classified material, the classified equipment, was either destroyed or removed in a 12-hour window and w
CNN
Dec 3, 2012 6:00am PST
. time is quickly winding down. just 29 days to go when the white house and congressional republicans are nowhere close to a deal to avert that fiscal cliff. the obama administration has laid out its plan calling for $1.6 trillion in new taxes. that includes letting the bush era tax cuts expire for those earning more than $250,000 a year. it's also pushing for a new $50 billion stimulus package and offering $400 billion in new cuts to medicare and other entitlement programs. but republican house speaker john boehner flatly rejected the plan on the table and what he calls the white house's unwillingness to compromise. >> i was just flabbergasted. i looked at him, i said, you can't be serious. i've never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. >> you know, i think right now the best thing to do is for them to come to us and say, look, here's what we think makes sense. we've told them what we think makes sense. what we can't do is try to figure out what's going to be
CNN
Dec 3, 2012 11:00am PST
you fifteen percent or more. >>> new video from the white house. you'll see president obama meeting with the prime minister of bulgaria. take a look the. >> obviously there are very strong bonds between our two countries including many bulgarian americans in my hometown of chicago that reminds us of the strong people to people relationship between the united states and bulgaria. >> and just quickly, a couple of reporters shouted some questions out after the president finished speaking on fiscal cliff. the president did not answer. >>> an nfl player murders his girlfriend, kills himself, and leaves their infant daughter without a mom or a dad. as investigators are searching for the -- to answer the question why, could the chiefs, the football team he played for, be played for, be held accountable for jovan belcher's actions? we're on the case with joey jackson next. ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. i've got a nice long life ahead. big
CNBC
Nov 30, 2012 1:00pm EST
from president obama and john boehner. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. the white house has to get serious. >> republicans know where we stand. we've said it, we've said it, we've said it so many times. >> i think all of us today are confident we can reach a bipartisan agreement by christmastime. >> according to congressional republican aides who have talked to the "wall street journal," they say they have obtained a copy of the white house's proffer here in the fiscal cliff negotiations. >> do you have faith in any of them to rise above? >> would it be okay to go over? >> we will rise above. >> one can only hope. so how should investors brace themselves for the big week ahead? in today's trader triple play, jeff kilburg, along with mahir dongei. steve, you get to go first. would you have expected that today basically a flat-line kind of day for the dow and s&p and so forth, would have been more volatile given greece, given the comments out of washington and in pennsylvania? >> i certainly would have.
CNN
Dec 2, 2012 3:00am PST
. on tuesday, president obama is going to have some company. he's going to be meeting with the governors at the white house. he's going to be talking, of course, about money, how to keep our economy growing, and of course hopefully reduce the deficit as well. very busy day there at the white house. on thursday, we have all our eyes on washington. two controversial changes in washington state, same-sex marriage becomes legal on thursday in washington state. we'll also be looking at marijuana. adults over 21 can legally carry up to an ounce of pot, sort of. the federal government still says pot is an illegal drug. that's how they're going to do it in washington on thursday. and on friday, we'll be watching for the jobs report. this is the november jobs report. in october, 171,000 jobs were add a added, you may recall. experts think superstorm sandy could affect this. a lot of people having a hard time getting around, power is out. really put a lot of folks behind. we'll see how that goes. on saturday, a big day for college football fans. heisman trophy winner will be announced. we'll find
ABC
Dec 5, 2012 1:40am PST
-negotiable for president obama. >> we're not going to be able to got a deal without it. >> reporter: the white house says the republicans' math just doesn't add up. >> it's magic beans and fairy dust. >> reporter: negotiations have reached a stalemate. >> there's nothing going on privately that is not going on publicly. >> reporter: there is no plan at this time for congressional leaders to meet with the president at the white house, and it doesn't sound like he's sending out invitations any time soon. >> i don't think that the issue right now has to do with sitting in a room. >> reporter: earlier, the president met with the bipartisan group of governors. >> we understand this will be a shared sacrifice, you have to look at spending cuts. states are willing to do more with less. >> the governors didn't endorse a specific proposal, not the white house version or the house republican version, but they did say that something must be done to avoid those massive mandatory spending cuts that will go into effect if no deal is reached. rob and paula, back to you. >> thank you, karen. obviously boehner put his co
FOX News
Dec 6, 2012 8:00am PST
a little more campaigning. president obama heads to northern virginia this afternoon. the white house says he will meet with a middle class family to press congress to protect those making less than $250,000 a year from tax increases and raise rates on those making more. house republicans return to their congressional districts. they will meet with small business owners to underscore how they say tax rate increases will hit those business, jon. jon: are they still hung up on taxes? is that the big sticking point? >> yes. taxes are the key to this debate. republicans say they will increase tax revenue through cutting tax deductions. democrats say tax rates have to increase for families earning more than $250,000 a year. they're demanding republicans pass their tax plan. >> neither president obama nor democrats in cop guess have ever been ambiguous about our proposal to provide economic security for 98% of the american families and 97% of the small businesses while asking the wealthiest 2% to contribute just a little more to stop this run away debt. >> what the president is really interested
ABC
Dec 4, 2012 1:40am PST
dig in. the white house demanding higher tax rates for the top two tax brackets, and the republicans refusing. after rejecting the obama administration proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction, mostly through spending cuts. and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> reporter: -- a senior white house official assailed it as a step backward, saying if republicans do not agree to some higher rates for wealthier taxpayer, the nation will go over the cliff, and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck. so the lack of progress is not yet resulted in a market plunge. but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. the official deadline is december 31st at midnight when the ball drops in times square. the deadline is before that, a week from friday when the house of representatives is schedul
CNN
Dec 5, 2012 4:00am PST
it off the table. >> now later this morning, president obama will be speaking and taking questions at the business round table meeting, a white house official saying that the president will make the case that middle-class americans need certainty that their taxes will not go up at the end of the year. he will also make the case that this fiscal cliff will have a negative impact on the overall economy and he will push these business leaders to support his approach. soledad? >> dan lothian, in washington, d.c., for us, thank you. >>> just a few minutes we'll be chatting with stephanie cutter, the woman who helped manage president obama's re-election campaign. we'll talk more about the fiscal cliff. >>> first a look at other stories that are making news today. zoraida has that for us. >> good morning to you. the death toll in the philippines is rising this morning. typhoon bopha moving toward beach resorts in the northern part of the country and right now it is packing winds over 90 miles an hour. that storm has already caused massive flooding and landslides in the southern philippine
ABC
Dec 3, 2012 7:00am PST
, president obama released a campaign-style video pushing his plan on now avoid the tax increase on the middle class. john boehner said the white house isn't listening to republicans who demanding cuts. >>> an entire town in louisiana has been evacuated and police have launched a criminal investigation after finding 6 million pounds of explosives stored improperly at the munitions factory you that see here. authorities are now carefully working to move the explosive powder into safe bunkers. >>> public school students in five states will soon be spending more time in class. a lot more. a pilot program is being announced today in the states highlighted on your screens. 20,000 students in those collse schools will spend an extra 3 0 3050 -- 300 hours in class every term, in hopes of making them more competitive with the foreign students. >>> and new concerns this morning about the new "hobbit" film due out this month. in fact, people with the early screening said the film made them stick, literally, the high-speed 3d film actually made them feel queasy as if riding a roller coaster. here's dian
CNN
Nov 30, 2012 2:00am PST
. >> good morning. so boehner has said he would accept a tax increase of $800. the white house plan is asking for $1.6 trillion, which is double that. why did president obama put forth such an aggressive plan, as many are calling it? this is really a serious offer. >> first of all i'd like our republican friends to stop a war on the working people of america. that is what the ultimate nonaction will impact. i think the president has made it very clear that he is responding to the affirmation of his position on november 6th, 2012. but he is not in any way hesitant to negotiate. $2.4 trillion were the bush tax cuts that resulted in this enormous deficit, because in the 199os, we had a $5.6 trillion surplus. what the president is trying to do is to give relief to working people, and as well provide revenue to continue to support the needs of this nation. such as mayor bloomberg, who's just come to washington and asked for an enormous amount of money, rightly so, to help those who've been victims of hurricane sandy. so the president is not in any way suggesting that he's not willing to
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